Plan Ledger DOL Form 5500 · updated monthly

Plumbers & Pipefitters Local 9 Surety FdMoney purchase plan

PLUMBERS & PIPEFITTERS LOCAL 9 SURETY PLAN · WEST TRENTON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.12%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Plumbers & Pipefitters Local 9 Surety Fd reported $354,557 in plan administrative expenses for 2024: 0.12% of average plan assets, above the peer median. Employer contributions averaged $11,107 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.13% to 0.12%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 172nd-largest of 2,419 plans among New Jersey employers on file, and the 228th of 5,337 in construction. active participation has shrunk from 2,179 to 1,708 since 2022.

Plan summary
Net assets, end of year$311,280,419
Participants with balances0
Active participants1,708
Employer contributions$18,970,433
Employee contributions—
Employer contribution per active participant$11,107
Average account balance—
Benefits paid to participants$20,073,726
Plan auditUnmodified (clean) audit opinion
AuditorGERSON & ASSOC. CPAS & ADVISORS PC
Plan history3
Yearassets · accounts · employer contribution
2024$311.3M · $19.0M emplr
2023$287.4M · 2,596 accts · $19.1M emplr
2022$257.3M · 226 accts · $14.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$216,934
Investment management$24,675
Audit (IQPA)$43,718
Total administrative$354,557
Employer contributions to the Plumbers & Pipefitters Local 9 Surety Fd plan · 2024
Employer contribution per active participant$11,107
Median for plans this size$4,294
2024$11,107 per active participant
2023$8,667 per active participant
2022$6,543 per active participant

Plumbers & Pipefitters Local 9 Surety Fd's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20247
IE SHAFFER & CO. · Contract administrator$169,774
GERSON & ASSOCIATES CPAS AND ADV PC · Accounting / audit$43,718
REYNOLDS CONSULTING SERVICES, LLC · Investment advisory (plan)$24,675
LINDABURY, MCCORMICK, ESTABROOK, CO · Legal$20,538
OBRIEN, BELLAND, & BUSHINSKY · Legal$10,318
PELLETTIERI, RABSTEIN, & ALTMAN · Legal$5,213

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$354,557 · 0.12%
2023$384,753 · 0.14%
2022$318,591 · 0.13%
Similar plansConstruction · New Jersey
Subcom, LLC NJ$222.6M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222383293 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.